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North American Automotive Industry Overview For May 22, 2006

  Who:   Greer & Walker, LLP -- Charlotte's largest locally-based accounting
         firm
         PKF International -- International network of 380 independent
         accounting firms
         Wachovia Corporation -- Fourth-largest U.S. bank holding company
         based on assets

  When:  Monday, May 22, 2006, 6-8 pm.  Media RSVP no later than 3:00 pm on
         Friday, May 19.

  Where: Omni Charlotte Hotel, 132 East Trade Street, Charlotte, NC 28202

  What:  An invitation-only reception for motorsports and automotive
         suppliers supporting original equipment manufacturers in the
         Carolinas.  Media are invited.
         Keynote speakers: - Jason Schenker, Economist, Wachovia Corporation
                             Topic:  "North American Automotive Industry
                             Outlook"
                           - Dr. James F. Cuttino, UNC Charlotte Motorsports
                             and Automotive Engineering Research
                             Topic:  "Motorsports and Automotive Engineering
                             Research in the Charlotte Region"

                        Highlights and Story Ideas

   - "The Carolinas and motor vehicle manufacturing."  The two Carolinas
     have more than 1,200 tier two and three automotive suppliers supporting
     original equipment manufacturers (OEMs) throughout the globe including
     operations of BMW, Freightliner, Volvo and ThomasBuilt Bus. Key
     opportunity:  The region has the infrastructure to support future
     automotive industry growth.
   - "Energy demand and rising prices both a test and a threat to American
     auto manufacturers." Changes in consumer preferences will affect auto
     manufacturing and sales going forward. Key issue: How will the industry
     adapt to meet the continued American demand for SUVs?
   - "Charlotte's motorsports history and its regional and economic impact."
     What is its relationship and appeal to other industries?  What is
     motorsports role in workforce development?

  Contact:  Gunda Knese, Business Development Manager, Greer & Walker, LLP.
            Telephone: 704.377.0239. Email: gknese@gwllp.com. Website:
            www.greerwalker.com

PRNewswire -- May 10